New England Research & Management, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 7, 2026), New England Research & Management, Inc. reported 144 stock positions worth $228.6 million. Its top holding was Alphabet Class A (GOOGL) at 5.4% of the portfolio, followed by Apple (AAPL, 4.4%) and Microsoft (MSFT, 3.2%). Compared with Q3 2025, it opened 32 new positions, sold out of 34, added to 30 and reduced 53. The biggest buy was Goldman Sachs (GS, shares +183%) and the biggest sale an exit from Dell.
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001596077
- Portfolio Value
- $228.6M (Q4 2025)
- SEC Filing
- 0001951757-26-000024 ↗ filed Jan 7, 2026
Holdings Value
Holdings 144 stocks · $228.6M
| GOOGL Alphabet Inc. Class A | 5.41% | 39,509 | $12.4M | Reduce -0.9% |
| AAPL Apple Inc. | 4.44% | 37,338 | $10.2M | Reduce -0.4% |
| MSFT Microsoft Corp. | 3.16% | 14,955 | $7.2M | Add +18.4% |
| URI United Rentals Inc. | 3.12% | 8,816 | $7.1M | Add +13.4% |
| JNJ Johnson & Johnson | 2.65% | 29,233 | $6.0M | Reduce -0.5% |
| AMZN Amazon.com Inc. | 2.59% | 25,634 | $5.9M | Reduce -0.3% |
| PWR Quanta Services Inc. | 2.31% | 12,518 | $5.3M | Reduce -3.0% |
| ABBV Abbvie Inc. | 2.16% | 21,581 | $4.9M | Add +9.0% |
| CHD Church & Dwight Co. Inc. | 1.94% | 52,850 | $4.4M | Reduce -1.0% |
| GEV GE Vernova Inc. | 1.92% | 6,708 | $4.4M | Add +71.6% |
| CSX CSX Corp. | 1.86% | 117,560 | $4.3M | Reduce -1.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.73% | 7,870 | $4.0M | No change |
| GS Goldman Sachs Group Inc. | 1.63% | 4,251 | $3.7M | Add +183.2% |
| AVGO Broadcom Inc. | 1.63% | 10,755 | $3.7M | Add +11.6% |
| COF Capital One Financial Corp. | 1.59% | 14,952 | $3.6M | Add +115.9% |
| V Visa Inc. Class A | 1.43% | 9,329 | $3.3M | Add +72.6% |
| GOOG Alphabet Inc. Class C | 1.39% | 10,113 | $3.2M | Reduce -2.5% |
| UBER Uber Technologies Inc. | 1.37% | 38,309 | $3.1M | Add +47.3% |
| MRK Merck & Co. Inc. | 1.35% | 29,238 | $3.1M | Add +35.4% |
| ABT Abbott Laboratories | 1.29% | 23,574 | $3.0M | Add +128.1% |
| META Meta Platforms Inc. Class A | 1.26% | 4,363 | $2.9M | Reduce -15.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.20% | 9,265 | $2.7M | Reduce -13.1% |
| ETN Eaton Corp. PLC | 1.20% | 8,614 | $2.7M | Reduce -8.8% |
| SYY Sysco Corp. | 1.18% | 36,474 | $2.7M | Reduce -0.2% |
| AWK American Water Works Co. Inc. | 1.17% | 20,500 | $2.7M | Add +49.4% |
| MS Morgan Stanley | 1.16% | 14,875 | $2.6M | Reduce -2.6% |
| NFLX Netflix Inc. | 1.14% | 27,905 | $2.6M | Add +68.0% |
| LLY Eli Lilly & Co. | 1.12% | 2,376 | $2.6M | Reduce -2.7% |
| ZTS Zoetis Inc. | 1.10% | 20,047 | $2.5M | Reduce -15.1% |
| XOM Exxon Mobil Corp. | 1.04% | 19,852 | $2.4M | No change |
| MCD McDonald's Corp. | 1.04% | 7,809 | $2.4M | Add +51.4% |
| PANW Palo Alto Networks Inc. | 1.02% | 12,654 | $2.3M | Add +16.4% |
| KMB Kimberly-Clark Corp. | 0.99% | 22,324 | $2.3M | Add +124.4% |
| NEE Nextera Energy Inc. | 0.96% | 27,381 | $2.2M | Reduce -0.6% |
| UTHR United Therapeutics Corp. | 0.95% | 4,440 | $2.2M | No change |
| TFC Truist Financial Corp. | 0.94% | 43,842 | $2.2M | Reduce -0.9% |
| H Hyatt Hotels Corp. Class A | 0.94% | 13,405 | $2.1M | Reduce -42.6% |
| AMGN Amgen Inc. | 0.93% | 6,495 | $2.1M | Add +30.7% |
| PG The Procter & Gamble Co. | 0.84% | 13,395 | $1.9M | Add +60.5% |
| CB Chubb Ltd. | 0.83% | 6,075 | $1.9M | No change |
| VEEV Veeva Systems Inc. Class A | 0.82% | 8,415 | $1.9M | Add +274.0% |
| DELL Dell Technologies -C | 0.78% | 14,236 | $1.8M | New |
| UNP Union Pacific Corp. | 0.77% | 7,588 | $1.8M | Add +19.3% |
| INCY Incyte Corp. | 0.75% | 17,400 | $1.7M | New |
| WFC Wells Fargo & Co. | 0.74% | 18,105 | $1.7M | Add +25.3% |
| NVDA Nvidia Corp. | 0.72% | 8,801 | $1.6M | Add +21.8% |
| KO The Coca-Cola Co. | 0.70% | 22,858 | $1.6M | No change |
| SYK Stryker Corp. | 0.66% | 4,300 | $1.5M | New |
| J Jacobs Solutions Inc. | 0.65% | 11,268 | $1.5M | New |
| GILD Gilead Sciences Inc. | 0.63% | 11,700 | $1.4M | New |
| PFE Pfizer Inc. | 0.61% | 55,773 | $1.4M | Add +20.7% |
| VRT Vertiv Holdings Co. Class A | 0.60% | 8,429 | $1.4M | Reduce -40.3% |
| CFG Citizens Financial Group | 0.59% | 23,187 | $1.4M | Add +4.7% |
| CP Canadian Pacific Kansas City | 0.57% | 17,680 | $1.3M | Reduce -5.7% |
| GE General Electric filed as GE AEROSPACE | 0.57% | 4,222 | $1.3M | No change |
| WM Waste Management Inc. | 0.57% | 5,910 | $1.3M | Reduce -1.3% |
| PB Prosperity Bancshares Inc. | 0.56% | 18,625 | $1.3M | Add +50.2% |
| TMO Thermo Fisher Scientific Inc. | 0.56% | 2,193 | $1.3M | Reduce -8.7% |
| IR Ingersoll-Rand Inc. | 0.54% | 15,634 | $1.2M | Reduce -0.3% |
| EQT Eqt Corp. | 0.54% | 22,955 | $1.2M | New |
| INVH Invitation Homes Inc. | 0.53% | 43,475 | $1.2M | Reduce -20.4% |
| BLK BlackRock Inc. | 0.53% | 1,125 | $1.2M | New |
| IQV Iqvia Holdings Inc. | 0.50% | 5,080 | $1.1M | New |
| CRH CRH PLC | 0.49% | 8,892 | $1.1M | New |
| EOG EOG Resources Inc. | 0.48% | 10,475 | $1.1M | Add +246.3% |
| NKE Nike Inc. Class B | 0.48% | 17,125 | $1.1M | Reduce -1.9% |
| RY Royal Bank of Canada | 0.47% | 6,300 | $1.1M | No change |
| TOL Toll Brothers Inc. | 0.46% | 7,850 | $1.1M | No change |
| UPS United Parcel Service Class B | 0.46% | 10,610 | $1.1M | Reduce -1.9% |
| COST Costco Wholesale Corp. | 0.46% | 1,215 | $1.0M | Add +358.5% |
| TDG Transdigm Group Inc. | 0.45% | 777 | $1.0M | Reduce -3.5% |
| PODD Insulet Corp. | 0.45% | 3,600 | $1.0M | New |
| INDB Independent Bank Corp. | 0.43% | 13,492 | $986K | Reduce -0.5% |
| MA Mastercard Inc. Class A | 0.43% | 1,705 | $973K | No change |
| ROP Roper Technologies Inc. | 0.41% | 2,105 | $937K | New |
| MRVL Marvell Technology Inc. | 0.41% | 11,000 | $935K | New |
| SBUX Starbucks Corp. | 0.40% | 10,834 | $912K | Reduce -8.8% |
| WASH Washington Trust Bancorp | 0.38% | 29,700 | $878K | Reduce -17.9% |
| IDXX Idexx Laboratories Inc. | 0.36% | 1,200 | $812K | New |
| BMY Bristol-Myers Squibb Co. | 0.35% | 14,955 | $807K | Reduce -43.9% |
| CAT Caterpillar Inc. | 0.33% | 1,331 | $762K | New |
| RCL Royal Caribbean Cruises Ltd. | 0.33% | 2,725 | $760K | New |
| CWEN Clearway Energy Inc. Class C | 0.33% | 22,500 | $748K | Reduce -2.2% |
| AIR Aar Corp. | 0.33% | 8,975 | $743K | Reduce -2.2% |
| LEN Lennar Corp. Class A | 0.30% | 6,745 | $693K | Reduce -69.0% |
| CSCO Cisco Systems Inc. | 0.29% | 8,665 | $667K | Reduce -0.9% |
| CL Colgate-Palmolive Co. | 0.29% | 8,288 | $655K | No change |
| PEP Pepsico Inc. | 0.29% | 4,546 | $652K | Reduce -3.2% |
| DHI D.R. Horton Inc. | 0.28% | 4,400 | $634K | Reduce -48.7% |
| EMR Emerson Electric Co. | 0.27% | 4,708 | $625K | No change |
| AZN Astrazeneca PLC-Spons ADR | 0.27% | 6,697 | $616K | No change |
| SU Suncor Energy Inc. | 0.27% | 13,730 | $609K | New |
| PATK Patrick Industries Inc. | 0.26% | 5,586 | $606K | No change |
| IBP Installed Building Products | 0.26% | 2,325 | $603K | Reduce -6.1% |
| EME Emcor Group Inc. | 0.26% | 978 | $598K | New |
| WMT Walmart Inc. | 0.25% | 5,217 | $581K | Reduce -6.8% |
| HOOD Robinhood Markets Inc. Class A | 0.25% | 5,050 | $571K | New |
| MHK Mohawk Industries Inc. | 0.25% | 5,175 | $566K | New |
| MDT Medtronic PLC | 0.24% | 5,813 | $558K | Reduce -4.5% |
| SPG Simon Property Group Inc. | 0.24% | 3,010 | $557K | Reduce -2.9% |
Portfolio Sells Q3 2025 → Q4 2025
| DELL INC | Sold out | 0.00% | −1.18 |
| CARR Carrier Global Corp. | Reduce -83.3% | 0.19% | −1.17 |
| LEN Lennar Corp. Class A | Reduce -69.0% | 0.30% | −0.95 |
| APO Apollo Global Management Inc. | Sold out | 0.00% | −0.88 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.81 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.73 |
| ABNB Airbnb Inc. Class A | Sold out | 0.00% | −0.69 |
| ARW Arrow Electronics Inc. | Sold out | 0.00% | −0.67 |
| OTIS Otis Worldwide Corp. | Sold out | 0.00% | −0.61 |
| LII Lennox International Inc. | Reduce -79.1% | 0.13% | −0.60 |
| H Hyatt Hotels Corp. Class A | Reduce -42.6% | 0.94% | −0.58 |
| A Agilent Technologies Inc. | Sold out | 0.00% | −0.52 |
| MDLZ Mondelez International Inc. Class A | Reduce -68.8% | 0.17% | −0.49 |
| ZTS Zoetis Inc. | Reduce -15.1% | 1.10% | −0.48 |
| META Meta Platforms Inc. Class A | Reduce -15.0% | 1.26% | −0.47 |
| NTRA Natera Inc. | Sold out | 0.00% | −0.46 |
| TKR Timken Co. | Sold out | 0.00% | −0.46 |
| LIN Linde PLC | Sold out | 0.00% | −0.45 |
| ETN Eaton Corp. PLC | Reduce -8.8% | 1.20% | −0.42 |
| PNR Pentair PLC | Sold out | 0.00% | −0.41 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −0.41 |
| DHI D.R. Horton Inc. | Reduce -48.7% | 0.28% | −0.39 |
| RBC RBC Bearings Inc. | Reduce -79.5% | 0.11% | −0.39 |
| VRT Vertiv Holdings Co. Class A | Reduce -40.3% | 0.60% | −0.38 |
| FANG Diamondback Energy Inc. | Sold out | 0.00% | −0.33 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.28 |
| CRH CRH PLC-Sponsored ADR | Sold out | 0.00% | −0.28 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.28 |
| VRTX Vertex Pharmaceuticals Inc. | Sold out | 0.00% | −0.28 |
| TRMB Trimble Inc. | Sold out | 0.00% | −0.25 |
| APD Air Products & Chemicals Inc. | Sold out | 0.00% | −0.22 |
| CHD Church & Dwight Co. Inc. | Reduce -1.0% | 1.94% | −0.21 |
| INVH Invitation Homes Inc. | Reduce -20.4% | 0.53% | −0.21 |
| SYY Sysco Corp. | Reduce -0.2% | 1.18% | −0.21 |
| BMY Bristol-Myers Squibb Co. | Reduce -43.9% | 0.35% | −0.20 |
| TTWO Take-Two Interactive Softwre | Sold out | 0.00% | −0.18 |
| HEI Heico Corp. | Sold out | 0.00% | −0.18 |
| IBM Intl Business Machines Corp. | Reduce -13.1% | 1.20% | −0.18 |
| COIN Coinbase Global Inc. Class A | Sold out | 0.00% | −0.17 |
| APA Apa Corp. | Sold out | 0.00% | −0.17 |
| IBKR Interactive Brokers Gro Class A | Sold out | 0.00% | −0.17 |
| CELH Celsius Holdings Inc. | Sold out | 0.00% | −0.17 |
| NCLH Norwegian Cruise Line Holdin | Reduce -30.8% | 0.24% | −0.16 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.16 |
| LEU Centrus Energy Corp. Class A | Reduce -29.4% | 0.17% | −0.15 |
| PWR Quanta Services Inc. | Reduce -3.0% | 2.31% | −0.15 |
| CCL Carnival Corp. | Reduce -48.1% | 0.15% | −0.14 |
| K Kellanova | Sold out | 0.00% | −0.12 |
| CNI Canadian Natl Railway Co. | Sold out | 0.00% | −0.11 |
| BX Blackstone Inc. | Sold out | 0.00% | −0.10 |
Portfolio Buys Q3 2025 → Q4 2025
| GS Goldman Sachs Group Inc. | Add +183.2% | 1.63% | +1.09 |
| COF Capital One Financial Corp. | Add +115.9% | 1.59% | +0.91 |
| GEV GE Vernova Inc. | Add +71.6% | 1.92% | +0.81 |
| DELL Dell Technologies -C | New | 0.78% | +0.78 |
| INCY Incyte Corp. | New | 0.75% | +0.75 |
| SYK Stryker Corp. | New | 0.66% | +0.66 |
| ABT Abbott Laboratories | Add +128.1% | 1.29% | +0.66 |
| J Jacobs Solutions Inc. | New | 0.65% | +0.65 |
| GILD Gilead Sciences Inc. | New | 0.63% | +0.63 |
| V Visa Inc. Class A | Add +72.6% | 1.43% | +0.58 |
| EQT Eqt Corp. | New | 0.54% | +0.54 |
| BLK BlackRock Inc. | New | 0.53% | +0.53 |
| VEEV Veeva Systems Inc. Class A | Add +274.0% | 0.82% | +0.51 |
| MRK Merck & Co. Inc. | Add +35.4% | 1.35% | +0.51 |
| IQV Iqvia Holdings Inc. | New | 0.50% | +0.50 |
| CRH CRH PLC | New | 0.49% | +0.49 |
| PODD Insulet Corp. | New | 0.45% | +0.45 |
| KMB Kimberly-Clark Corp. | Add +124.4% | 0.99% | +0.42 |
| ROP Roper Technologies Inc. | New | 0.41% | +0.41 |
| MRVL Marvell Technology Inc. | New | 0.41% | +0.41 |
| IDXX Idexx Laboratories Inc. | New | 0.36% | +0.36 |
| COST Costco Wholesale Corp. | Add +358.5% | 0.46% | +0.35 |
| CAT Caterpillar Inc. | New | 0.33% | +0.33 |
| RCL Royal Caribbean Cruises Ltd. | New | 0.33% | +0.33 |
| EOG EOG Resources Inc. | Add +246.3% | 0.48% | +0.33 |
| MCD McDonald's Corp. | Add +51.4% | 1.04% | +0.32 |
| AWK American Water Works Co. Inc. | Add +49.4% | 1.17% | +0.29 |
| AMGN Amgen Inc. | Add +30.7% | 0.93% | +0.29 |
| SU Suncor Energy Inc. | New | 0.27% | +0.27 |
| EME Emcor Group Inc. | New | 0.26% | +0.26 |
| PG The Procter & Gamble Co. | Add +60.5% | 0.84% | +0.25 |
| HOOD Robinhood Markets Inc. Class A | New | 0.25% | +0.25 |
| MHK Mohawk Industries Inc. | New | 0.25% | +0.25 |
| NFLX Netflix Inc. | Add +68.0% | 1.14% | +0.23 |
| SHW The Sherwin-Williams Co. | New | 0.22% | +0.22 |
| AES AES Corp. | New | 0.20% | +0.20 |
| MOD Modine Manufacturing Co. | New | 0.20% | +0.20 |
| UBER Uber Technologies Inc. | Add +47.3% | 1.37% | +0.20 |
| EXE Expand Energy Corp. | New | 0.19% | +0.19 |
| PB Prosperity Bancshares Inc. | Add +50.2% | 0.56% | +0.19 |
| WFC Wells Fargo & Co. | Add +25.3% | 0.74% | +0.18 |
| CNQ Canadian Natural Resources | New | 0.18% | +0.18 |
| REGN Regeneron Pharmaceuticals | New | 0.17% | +0.17 |
| AVGO Broadcom Inc. | Add +11.6% | 1.63% | +0.17 |
| MSFT Microsoft Corp. | Add +18.4% | 3.16% | +0.16 |
| NTR Nutrien Ltd. | New | 0.14% | +0.14 |
| FSLR First Solar Inc. | New | 0.12% | +0.12 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.12% | +0.12 |
| BCS Barclays PLC-Spons ADR | New | 0.10% | +0.10 |
| NVDA Nvidia Corp. | Add +21.8% | 0.72% | +0.10 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 134 | $256.9M | GOOGL, AAPL, URI, PWR, GEV |
| Q1 2026 | 143 | $236.6M | GOOGL, AAPL, URI, JNJ, PWR |
| Q4 2025 | 144 | $228.6M | GOOGL, AAPL, MSFT, URI, JNJ |
| Q3 2025 | 146 | $217.7M | GOOGL, AAPL, URI, MSFT, AMZN |
| Q2 2025 | 147 | $210.5M | GOOGL, AAPL, URI, MSFT, CHD |
| Q1 2025 | 146 | $196.9M | AAPL, GOOGL, CHD, URI, JNJ |
| Q4 2024 | 143 | $196.5M | AAPL, GOOGL, CHD, URI, MSFT |
| Q3 2024 | 158 | $213.1M | AAPL, GOOGL, CHD, URI, MSFT |
| Q2 2024 | 164 | $208.2M | AAPL, GOOGL, MSFT, CHD, URI |
| Q1 2024 | 158 | $203.8M | CHD, GOOGL, MSFT, AAPL, URI |